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Approval as an Approved Deposit Fund - Australian Government

Description

You will require this approval if you intend to be the provider of an approved deposit fund. An approved deposit fund is a fund that is an indefinitely continuing fund maintained by an approved trustee solely for approved purposes. It does not accept contributions but does accept rollovers.

Please consult the Agency and their website for further details.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility Requirements

In your application you will be required to demonstrate compliance with the current operating standards and legislative requirements, including proof of compliance with SIS fitness and propriety standards and responsible lending conduct requirements.

Extensive requirements and obligations apply to this licence. Please consult the Agency for full details.

We acknowledge the traditional owners of the country throughout Australia and their continuing connection to land, sea and community. We pay our respect to them and their cultures and to the elders past and present.